Dangote Cement Reports Strong Nine-Month Results Amid Expansion

Dangote Cement Plc has released its financial results for the first nine months of 2026, reporting a 41.5 percent increase in pre-tax profit to 1.47 trillion naira. While earnings have grown, the company faces significant capital commitments totaling 2.31 trillion naira as it seeks to expand annual production capacity from 55 million to 80 million tonnes by 2030. The expansion strategy includes projects across Nigeria, Ethiopia, Cameroon, Senegal, and Zimbabwe. Specifically, the Ethiopian operations plan to add a second production line and a satellite grinding unit to double capacity to five million tonnes. Despite a working-capital deficit, management reports strong cash generation and an improved net cash position to support these investments.